Govt to sell up to 2% stake in IRFC via OFS; issue opens Wednesday

The Indian government will sell up to 2% stake in IRFC via an Offer for Sale opening Wednesday, comprising a 1% base offer and a 1% greenshoe option subject to demand. The Centre currently holds about 86.4% in the railway financier, and the OFS is part of its broader disinvestment strategy to improve public shareholding and comply with Sebi minimum public shareholding norms. The sale is expected to increase free float and liquidity in the stock.